Business

Irish no-frills airline Ryanair on Monday announced surging profits for its first quarter, recovering from disruption to traffic one year earlier in the wake of Russia’s invasion of Ukraine. Profit after tax soared to 663 million euros ($738 million) in the three months to the end of June from 170 million euros in the carrier’s prior first quarter, a statement ...

Elon Musk said he was looking to change Twitter’s logo, tweeting: “And soon we shall bid adieu to the twitter brand and, gradually, all the birds. In a tweet at 12:06 a.m. ET (0406 GMT) on Sunday, the social media platform’s billionaire owner added: “If a good enough X logo is posted tonight, we’ll make go live worldwide tomorrow.” Musk ...

Renowned US online newspaper Policy Watcher lauded Bangladesh’s economic achievements saying that as one of the fastest growing economies, Bangladesh has now become a case study of economic development in the world. “On the basis of macro-economic stability, the economy of Bangladesh has grown 271 times in 50 years,” said the online newspaper in an article of its July 22 ...

The Asian Development Bank (ADB) has approved a $120 million loan to help improve access to basic services and climate resilience of remote and rural communities in the Chittagong Hill Tracts of Bangladesh. “The Chittagong Hill Tracts is one of the regions in the country most vulnerable to climate and disaster risks. It also lacks access to basic services and ...

Bangladesh Jewelers Association (Bajus) has announced price hike of top quality of gold once again. Each bhori of 22-carat gold was fixed at Tk 1,00,778 which will be effective on Friday, the Bajus said on Thursday. Bajus said it had no alternative but to increase the rates as the prices of pure gold has increased in the local market. According ...

The higher estimate of 6% for FY 2023 (ending on June 30, 2023) reflects strong net exports as imports fell more sharply than expected and export growth slowed less than expected, says the Asian Development Bank (ADB). On the supply side, manufacturing firms of all sizes leveraged supportive government policies to contribute to growth. Crop losses to floods, cyclones, and ...

The world economy is in a difficult place but it is not destined to stay there, World Bank President Ajay Banga said on Monday. The World Bank last month cut its 2024 forecast for global economic growth to 2.4% from 2.7% earlier, citing global monetary tightening. “The fact is that the world economy is in a difficult place. It has ...

FBCCI Senior Vice-president Mostafa Azad Chowdhury Babu today called for making the highly prospective jewelry industry export-oriented to revive its past glory and earn foreign exchequer. He made the call at a post-rally discussion organised by Rangpur district unit of Bangladesh Jeweler’s Association (BAJUS) to celebrate its 58th founding anniversary as the chief guest. President of Rangpur district unit of ...

Trading Corporation Bangladesh (TCB) card holder families can purchase 5 kgs of rice alongside its products including oil, sugar and pulse from Sunday. Food Minister Sadhan Chandra Majumder inaugurated the TCB programme at No 1 ward of Dhaka North City Corporation (DNCC).  Commerce Minister Tipu Munshi was present there. Under the programme, a total of one crore TCB card holder ...

India has signed an agreement with the United Arab Emirates that will allow it to settle trade in rupees instead of dollars, boosting India’s efforts to cut transaction costs by eliminating dollar conversions, reports Reuters. During a visit by India’s Prime Minister Narendra Modi to the UAE on Saturday, the two countries also agreed to set up a real-time payment ...